Forgiveness Information

In the past few months student loan borrowers have seen several new benefits to help reduce the cost of student loan repayment and increase student loan forgiveness. Now, the U.S. Department of Education is pushing for more targeted forgiveness benefits, which could make some borrowers eligible for forgiveness based on their unique or uncommon circumstances.

On August 1st, 2023, the U.S. Department of Education, in coordination with the various student loan servicers have began the process of implementing the new SAVE repayment program for eligible borrowers.

On July 14th, 2023 the U.S. Department of Education announced the latest implementation of the multi-step approach to address longstanding failures associated with student loan payment count tracking for the purpose of forgiveness.

On June 30th, 2023 the Supreme Court of The United States ruled in favor of the plaintiffs in 2 cases that were consequential to the implantation of the blanket student loan forgiveness program.

On June 3rd, 2023, the President of the United States signed the Fiscal Responsibility Act of 2023.

Beginning Sunday January 1st, 2023 (which was a holiday), the student loan servicer responsible for facilitating the Public Service Loan Forgiveness program began sending notifications to successful PSLF Waiver candidates that their loans have been forgiven in full. Fedloan Servicing, the previous student loan servicer responsible for PSLF administration had sent these notifications by email and/or documentation in a borrowers Fedloan account.

Beginning Tuesday November 22nd, 2022, more than 9 million student loan borrowers began receiving emails confirming the approval of their blanket student loan forgiveness applications, whether they had actually applied for the blanket student loan forgiveness or not.

On Monday December 12th, 2022 the U.S. Supreme Court has agreed to review both challenges to the blanket forgiveness plan that is currently blocked by the lower federal courts.

On Tuesday November 22nd, 2022 the U.S. Department of Education announced an extension of the Covid-19 student loan payment pause that was scheduled to end December 31, 2022.

On Tuesday November 22nd, 2022 federal student loan borrowers began receiving emails from the Department of Education entitled “Update on Student Loan Debt Relief and the Status of Your Application”.